Floki Inu, a meme currency built on top of Binance’s BNB chain, has been making headlines lately. Amidst the big names in the meme coin space like Dogecoin and Shiba InuThis dog-themed cryptocurrency emerged strongly in the market.
according to CoinGecko, FLOKI increased by 15% in the last 24 hours with 145% in the weekly period. This latest price action was caused by external factors that caused investors to flock to the token.
BSCDailyTwitter account dedicated to BNB Chain news, recently together that Floki Inu is one token that has a very positive bullish sentiment.
Floki Inu currently occupies the 98th place in the list of cryptocurrencies in terms of market cap.
🎉 TOP #BNBCHAIN THE PROJECT WITH THE HIGHEST BULLISH SENTIMENT🚀
🥇 $BABYDOGE @BabyDogeCoin
🥈 $QUACK @RichQuack
🥉 $ CAKE @PancakeSwap$GAL @Galxe$SFM @safemoon$ FLOKI @RealFlokiInu$DANA @SeedifyFund$FET @Fetch_ai$ BREEZE @bitgertbrise$CATE @catecoin#BNB #BSC #WEB3 #DEFI 🔥 pic.twitter.com/QmmOg0lrip— BSCDaily (@bsc_daily) February 15, 2023
Listing Floki Inu on KuCoin and Binance
Due to FLOKI’s rise in popularity, many major exchanges have listed the token. KuCoin, one of the top exchanges in the market, recently registered tokens with Binance follows lead KuCoin. This caused the token’s trading volume to balloon with current trading volume reaching $201 million.
This caused investors to join Floki Inu, increasing the token’s social score. according to Gem Huntertokens are just that back Dogecoin in metrics. But due to the new external development of the token, it goes beyond the Shiba Inu.
Floki Inu. Image: Telegaon
The list will definitely gain more traction in the long run as more people have access to the token. Binance and KuCoin combined have nearly $30 billion in trading volume. With the popularity of meme coins recently, Floki Inu might be able to use this.
At $0.00005048, Where Is Floki Headed?
Floki’s bullish price movement was only slowed by resistance at $0.0000674. This resistance is the only thing holding the meme coin to gain more in the short to medium term. For the bulls to continue their gains, this resistance must be removed.
However, the token may experience short to medium term pain as FLOKI enters a short correction phase. FLOKI bulls should focus on strengthening the current token support as a breakthrough in this support could be a catalyst for more pain.
Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com
Now, investors and traders need to be sure about the short to long term as the interest in the token is increasing. With a new listing on a major exchange, we may see further price increases as interest in the token increases as well.
FLOKI bulls can also use this positive sentiment to secure gains and strengthen the token’s current support.
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